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Quotes from RBS:-Our base scenario for the US economy is that the current bout of soft data is merely moderation rather than a sign of a slowdown.
Quotes from RBS:-US data has been mixed to soft to start 2Q, seemingly confirming that the unseasonably warm winter weather had an outsized positive effect on US data during 1Q.
Quotes from RBS:-A surprisingly dovish slant to the May BoE Inflation Report has led to a reassessment of the future path of UK monetary policy. This increases our confidence that a move above 1.
Quotes from RBS:-The so-called "fiscal cliff" in the US is beginning to receive more attention from media and policy makers. The combination of automatic cuts to discretionary spending and tax cut expirations at end 2012 could result in a significant fiscal drag on 2013 growth.
Quotes from RBS:-Market expectations for additional Fed easing may have increased due to the recent softening in US data, but the FOMC did little to alter its "wait and see" stance at its April meeting.
EU's Almunia said that the regulators have offered Google an opportunity to settle complaints from Microsoft and other rivals Google has been accused of abusing a dominant market position EU regulators said if Google can come up with remedies, they will drop its anti-trust investigationThe materia...
Quotes from RBS:-Over the near-term, we expect continued USD strength, particularly vs. the EUR. With the BoJ and SNB attempting to limit gains in their currencies, the USD is likely to maintain a safe-haven status.
Quotes from Societe Generale Cross Asset Research:-French banks valuation is back to historical lows despite falling exposure to peripheral Europe.-Yet, French banks still have the largest exposure to Greece among global banks.
NewsFrance debt management agency Agence France Tresor sold an additional 1.611 billion euros of BTAN treasury notes and OAT bondsThe AFT sold an extra 436 million euros of the 0.75 pct Sept 2014 BTAN, 210 million euros of the 3.5 pct April 2015 OAT, 194 million euros of the 3.
Quotes from Societe Generale Cross Asset Research:-US bank stocks have outperformed those in the eurozone by 40% in USD terms year to date, supported by Q1 earnings that beat expectations and delayed implementation of the Volcker ruleuntil 2014.
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